What's Going On With Johnson and Johnson Shares Friday?
Portfolio Pulse from Dylan Berman
Johnson and Johnson (NYSE:JNJ) shares are trending on Friday following positive results from two clinical trials and Health Canada's authorization for RYBREVANT in combination with platinum-based chemotherapy. The company also received an Overweight rating and a $215 price target from Cantor Fitzgerald.
July 05, 2024 | 3:02 pm
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Johnson and Johnson shares are trending due to positive clinical trial results and Health Canada's authorization for RYBREVANT. Additionally, Cantor Fitzgerald reiterated an Overweight rating with a $215 price target.
The positive clinical trial results and regulatory approval are likely to boost investor confidence in JNJ's product pipeline and future revenue potential. The reiteration of an Overweight rating and a high price target by Cantor Fitzgerald further supports a positive short-term outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100